Indra €250m 1.25% convertible bonds due 2023
Fund the repurchase of the 2013 convertible bonds and general corporate purposes, including extending debt maturities
Key terms
- Borrower or issuer
- Indra
- Date
- 26 Sep 2016
- Type
- Convertible
- Amount
- €250m (US$277m)
- Pricing
- 1.25%
- Maturity
- 2023-10
Recorded terms
- Structure
- Seven-year senior unsecured bonds convertible into new or existing Indra shares, issued without pre-emptive rights (ISIN XS1500463358, Frankfurt Open Market); launched alongside a repurchase of the 2013 convertible bonds
- Country
- Spain
Parties
- Indra borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Dec 2016 | Aerojet Rocketdyne US$300m 2.25% convertible senior notes due 2023 | Convertible | US$300m |
| 13 Nov 2018 | KBR US$350m 2.50% convertible senior notes due 2023 | Convertible | US$350m |
| 17 Jun 2020 | Hyundai Rotem KRW 240bn convertible bonds (2020) | Convertible | KRW 240bn |
| 20 Aug 2020 | Parsons US$350m 0.25% convertible senior notes due 2025 | Convertible | US$350m |
| 31 Oct 2022 | Ondas Holdings US$34m convertible senior notes | Convertible | US$34.5m |
More from Indra
| Date | Financing | Type | Amount |
|---|---|---|---|
| 15 Jul 2025 | EIB €385m loan to Indra for defence and space R&D | Government finance | €385m |
| 12 Apr 2018 | Indra €300m 3.00% senior notes due 2024 | Bond | €300m |
M&A and investment involving Indra
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 Dec 2025 | Indra acquisition of 89.68% of Hispasat | M&A | €725m |
Sources
- Indra: report of the board of directors on the issuance of convertible bonds indracompany.com · 26 Sep 2016
- Indra: special report of the independent expert on the issue of convertible bonds indracompany.com · Sep 2016
- Indra: other relevant information, final results of the 2023 bond repurchase (terms of the €250m 1.25% bonds due 2023) indracompany.com · 14 Sep 2023
About this record
Record DEF-2016-0018, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A convertible pays a low coupon because holders can swap the notes for shares above a premium; capped calls and the conversion price set the dilution.
